An influential foreign government official approached your firm requesting a large sum of money. in return for this bribe, the official promises that your firm will receive preferential treatment in future government contracts. you refuse the request, explaining that the act of the united states prohibits you from making such payments.

Foreign Corrupt Practices Act (FCPA)

Explanation:

According to my research on different United States Business Acts/Laws, I can say that based on the information provided within the question the act in question is called the Foreign Corrupt Practices Act (FCPA). Like mentioned in the question this is a law that was passed in 1977 and prohibits U.S. firms and individuals from paying bribes to foreign officials in order to receive special business treatment. There is no minimum amount for punishment of a violation of this act.

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